Agriculture Development Bank proposes 21.053% dividend for the ordinary shareholders; 6% cash dividend proposed for preference shares as well

Agriculture Development Bank Limited (ADBL) has proposed 21.053% dividend for its ordinary shareholders.

As per the notice published in NEPSE, the commercial bank has proposed 15.053% cash dividend and 6% bonus shares for the FY 2074/75. This dividend will be distributed among the ordinary shareholders of the bank.

The bank has also announced 6% cash dividend for the irredeemable preference shares of the company as well.

The decision of the board is subject to approval from Nepal Rastra Bank and upcoming AGM of the bank.

After the adjustment of 6% bonus shares, the ordinary share capital of the bank will reach Rs 9.01 arba. It has Rs 5.43 arba as preference shares in its paid-up capital.(source)